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Earl, '58, and Jan Strinden know first-hand how a unitrust can fit perfectly among the financial, estate and charitable goals a family may have.
For over 30 years, Earl promoted the many advantages of unitrusts to members of our UND alumni family, fully intending someday he and Jan would themselves use an appreciated asset to make a unitrust gift. In January 2002, Earl and Jan transferred highly appreciated stock into a unitrust, and the benefits they received and will continue to enjoy, are many and significant. We appreciate their willingness and desire to share details of their personal experience with a unitrust.
| Transfer: | 5,000 shares of appreciated stock valued at $300,000. |
| Cost Basis: | $15,000. If the stock was sold outright, they would have paid a 20% capital gains tax on $285,000. The tax-free transfer to the unitrust immediately saved them $57,000! |
| Deduction: | $103,428. In exchange for their irrevocable funding, the Strindens received a charitable income tax deduction creating substantial savings! |
| Income: | Earl and Jan elected to receive life income equaling 6% of the annually-valued assets of the unitrust. |
| Professional Asset Management: | The UND Foundation, serving as trustee, sold the highly appreciated stock tax-free and invested its proceeds in a balanced asset allocation of high-quality mutual funds. |
| Gift: | Upon maturity, the Strindens have directed the unitrust's remaining principal balance be distributed between the UND Foundation, supporting The Earl and Jan Strinden Endowment, and another charitable organization important to them. |
Sponsored by UNDFoundation.org
